'Pink Star' diamond sold for a whopping $83 million!

'Pink Star' diamond sold for a whopping $83 million!

A plum-sized flawless diamond known as the Pink Star has been sold for a staggering $83 million at an auction in London, a record price for a gemstone.

Records came tumbling down as the 59.6-carat diamond described by Sotheby's auction house as "Internally Flawless Fancy Vivid Pink Diamond" was bought by New York-based famous diamond cutter Isaac Wolf for $83,187,381.

'Pink Star' diamond sold for a whopping $83 million!

The diamond now holds the world auction record for a diamond, the world auction record for a pink diamond, the world auction record for any coloured diamond and the world auction record for any jewel, Sotheby's said in a statement.

'Pink Star' diamond sold for a whopping $83 million!

The gemstone, which has been renamed by Wolf as 'The Pink Dream', was sold on Wednesday for the whopping price which eclipsed the previous record of $46.2 million established by Sotheby's Geneva for the magnificent 'Graff Pink' in 2010.